
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What does a fixed fee accountant in South Core typically include in their package?
A fixed fee package often covers annual accounts preparation, tax return filing, and basic bookkeeping. Some accountants also include VAT returns, payroll processing, and management accounts. The exact scope depends on your business needs and the agreement you negotiate. Always confirm what is included before signing.
How do I verify that an accountant in South Core is properly regulated?
You can check an accountant's credentials through their professional body, such as ACCA, ICAEW, or AAT. These organisations maintain registers of members in good standing. The directory also highlights verified professionals, making it easier to confirm their regulatory status and qualifications.
Can a fixed fee accountant help with HMRC investigations or tax disputes?
Yes, many fixed fee accountants offer support during HMRC enquiries, though this may be charged separately. Some include basic correspondence in their package. It is important to discuss this upfront and understand any additional costs for handling complex tax investigations or appeals.
What is the difference between a fixed fee and an hourly rate for accountancy services?
A fixed fee provides a set price for agreed services, allowing you to budget without surprises. Hourly rates can vary based on time spent, which may lead to higher costs for complex work. Fixed fee arrangements are popular for routine compliance, whilst hourly billing suits ad hoc advice.
Do I need an accountant in South Core if I am self-employed and file a Self Assessment?
Whilst you can file your own Self Assessment, an accountant ensures accuracy and helps identify allowable expenses. They can also advise on tax planning and HMRC deadlines. A fixed fee arrangement makes professional support affordable, reducing the risk of errors or penalties.
How often should I meet with my fixed fee accountant in South Core?
Meeting frequency depends on your business complexity. Many accountants schedule quarterly reviews to discuss performance and tax planning. Some offer monthly check-ins for bookkeeping. Your agreement should specify the number of meetings or consultations included in the fixed fee.
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